Personally, I use the phrase “Farm Business” to refer to a mix of mainly Fish Farming enterprises integrated with other livestock enterprises (such as piggery, poultry, rabbitry and so forth) AND complementary crop farming, earthworm rearing, daphnia culturing, feed formulation/compounding and so forth.
Integrated Fish Farming Assists Guard YOU Against Risks & Uncertainties
I have very carefully studied trends out here (which remains Incredibly unregulated and disorganised) and have come to 1 conclusion: One needs to be reasonably self-adequate in one’s farm business enterprise desires – especially as it relates to timely acquisition of necessary, and critical inputs which if allowed to vary in excellent or availability could bring about big setbacks in the farm’s operations.
Essential inputs I refer to include things like brood stock, fingerlings, feedstuffs and so on – the provide/good quality of which may perhaps not be reliably assured as unscrupulous suppliers may perhaps let the organization owner down at any time!
It is my opinion that this approach that requires running a farm company primarily based on a mix of high profit/low capital and operating cost livestock and other enterprises, ensures that ALL the farm’s sources – which includes labour – are maximally utilised ALL year round.
This is in contrast to the scenario that happens with exclusive crop and other seasonal farming enterprises which have to be timed to coincide with the different seasons.
So, if you are preparing to start out a farm company of your own, and want to appear forward to – and receive – Real lengthy term monetary returns, I suggest you pick to make your farm run primarily based on a livestock production enterprise – fish farming (specifically catfish) becoming A single that gives fairly reputable/affordable returns with comparatively lower capital needs – integrated with other complementary enterprises.
Provided the hard, risky and uncertain nature of our socio-economic environment, Integrated Micro-Compact Scale Fish farming is the easiest, least expensive, AND least risky to learn and start-up PLUS it presents – with fantastic management – potentially the MOST rewarding financial returns.
That is why I chose to concentrate on it more than poultry for instance, which is relatively More capital intensive and operationally demanding. Over time of course ANY person (who has recorded progressive accomplishment in micro/small scale fish farming) can “graduate” to a lot more capital intensive levels.
So, to sum it all up, I believe EXCLUSIVE fish farming for people and smaller groups operating on micro to tiny scale is a bit too risky and prone to adverse influence of the unpredictable financial climate out right here in Nigeria. Elsewhere this could not be that much of an concern of course (That is up to the farm organization get started-up/owner to decide).
For instance right now petrol value is no longer 65 naira per litre. Instead Budidaya ikan cupang has jumped up ten “NAIRA” steps to 75 naira per litre – courtesy of a government enhance. This – like other unplanned and therefore unexpected government policy changes before it – WILL have a multiplier impact on so lots of operating variables/inputs utilized on lots of farms. By obtaining a complementary mix of enterprises, the fish farmer cushions his farm business enterprise against direct impact that could in its worst manifestations, “KILL” it – actually speaking.
Final Words: Make Confident You Seek Competent Counselling
All that I have mentioned right here is of course my personal opinion. Please Keep in mind that you DO NOT have to accept my tips – and I strongly suggest you seek the counsel of competent pros in generating up your mind.
Note nevertheless that in taking guidance from Everyone (myself incorporated) you will require to check and make specific that s/he has a Full appreciation of the dynamics that come to play in the running of the farm enterprise enterprise(s) getting viewed as, in YOUR selected environment. What I supply you here is derived from comprehensive expertise-primarily based evaluation of the challenges faced by owners of the farm organizations pointed out.
If you want enable creating up your thoughts about what farm organization to venture into, I suggest you study my short article titled “14 Essential Queries-Issues to Think about in Order to Select (& Startup) The Correct Farm Organization”.